Pacific Crest Capital Reports Earnings Decline

Pacific Crest Capital Inc., an Agoura Hills holding firm of Foothill Thrift & Loan, reported a profit of $160,000 for the quarter that ended March 31, down from a profit of $971,000 a year earlier.

Pacific Crest’s assets March 31 totaled $232 million, down 4% from $242 million a year earlier. Its non-performing assets March 31 were $14.8 million, down from $20 million six months ago. Pacific Crest was formed last year when the Foothill Group, a financial services firm, spun off Foothill Thrift & Loan to its shareholders.